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Former Nasdaq Chairman Arrested For $50 Billion Dollar Fraud

Bernard Madoff, a longtime fixture on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S ... him with questions. He was released after posting a $10 million bond secured by his Manhattan apartment ... reporters outside a downtown Manhattan courtroom where he was arraigned. “We will fight to get through [more...]

Date: 2008-12-12 05:25:34

Blog posts (86) | Videos (170)
 


So much for bailing out the automakers ...

USA Today reports:Federal authorities have charged a Wall Street veteran with running a Ponzi scheme that prosecutors allege lost a staggering $50 ... on Thursday by the Manhattan U.S. Attorney's office and the Securities and Exchange Commission ... at his apartment in New York that he planned to turn himself in within a week and that he was "finished [more...]

Date: 2008-12-12 05:14:00


Atomic bombs, easy to make?

Dueling book reviews! (Sort of.) First, a pair of books suggest, contrary to Robert Oppenheimer's post-war views, ... , directly or indirectly. One began with Russian spies that deeply penetrated the Manhattan Project ... in the Manhattan Project who was eventually caught and, in 1959, released from jail, did likewise. Upon [more...]

Date: 2008-12-10 21:48:54


Is Bernard L. Madoff Jewish?

Yes, Bernard L. Madoff is a Jew. Bernard Madoff was arrested and charged today with allegedly running a $50 billion Ponzi scheme, according to U.S ... bond secured by his Manhattan apartment. The SEC filed separate civil charges. "Our complaint ... services industry," his lawyer Dan Horwitz told reporters outside a downtown Manhattan courtroom where [more...]

Date: 2008-12-12 03:43:50


Chasing A Moving Target

A: A post for the sellers out there after getting some calls recently about this topic. If I had one piece of advice to Manhattan sellers, especially those who own properties that have few special resale features to offer (amazing park or river views, large outdoor space, fireplace [more...]

Date: 2008-12-11 14:25:31


Its No Joke: Heath Ledger Gets the Oscar Nod!

  It comes as no surprise that the sadly missed, Heath Ledger, in his role as The Joker in the this year’s Batman movie, A Dark Knight, has earned himself a posthumous Golden Globe nomination. After completing the movie, Heath accidentally took a cocktail of prescription drugs and died in January 2008, in his apartment in Manhattan [more...]

Date: 2008-12-12 04:17:29


Roundup: Peru wants Macchu Pichu relics back; Napoleon and Egypt in Paris; $139 Manhattan hotel deal; Big Bear ski update

This morning we have travel-news tidbits that’ll take you from Paris all the way to our own local — and yes, snow-kissed, thanks partly to modern technology — mountains. France | “Bonaparte and Egypt,” an art exhibit currently on at Institut du Monde Arab in Paris, explores Napoleon Bonaparte’s invasion and brief occupation of Egypt. Read [more...]

Date: 2008-12-11 16:07:34


Auto Bailout Smoke and Mirrors

Mickey Kaus, a moderate Democrat, explains how the proposed auto bailout contains little leverage for the proposed “auto czar” to really cut the excessive labor costs that threaten the automakers’ survival, and how it is unlikely that the government will “get its money back,” contrary to what the bailout’s (mostly Democratic) supporters claim [more...]

Date: 2008-12-11 16:31:12


soft and fluffy

this ragweed (or goldenrod? are they different?) was new to our yard this year and though allergic to it, ... d guess. back then, i lived in a manhattan neighborhood we used to call “the way upper west side” ... complex and rent-stabilized apartment buildings of another era. during the 80s, this area [more...]

Date: 2008-12-11 19:07:15


Federal Judge Rules: NO BAIL FOR JEWS!!!

In a ruling bound to send shivers up the spine of spine of all freedom loving Americans, a Federal Judge Jon Stuart Scoles made a ruling at the end of November that essentially said Jews cannot get bail. Sholom Rubashkin former CEO of Agriprocessor's the nation's largest producer of Kosher Meat was denied bail essentially because he was Jewish: [more...]

Date: 2008-12-11 02:57:45


MortgageNewsClips: Funny with Rolfe, Fed Buying, Cut Taxes, Merc Alive, AIG More, Covered Bonds, Agency Orgy, Not Prime, Fed Debt, Dodd is Gunning, 4 more, Ira has 3

funny - Somali Pirates to acquire Illinois Senate Seat - Rolfe Winkler - Option Armagaddeon at ML Implode ———— 1.  Instead Of Spending, Cut Taxes - Brian S. Wesbury and Robert Stein - Taking money from profitable companies to give to unprofitable ones will harm the [more...]

Date: 2008-12-12 03:15:34


New York, NY - Lawyer for Holocaust Victims Disbarred

New York, NY - A lawyer who became famous for working to win compensation for Holocaust victims has been stripped of his license to practice law in ... New York. The state Supreme Court’s Appellate Division in Manhattan said today that Edward D. Fagan was disbarred because he failed to pay more than $350,000 in fines and ... [more...]

Date: 2008-12-12 02:14:08


The Bloom Comes Off the Mayor

Mayor Bloomberg has enjoyed the sort of adulatory media coverage that would make even Barack Obama envious ... at the Manhattan Institute's Center for Civic Innovation and a prolific writer on New York City ... ... and his unlawful refusal to send out property tax rebate checks that have been due since Oct [more...]

Date: 2008-12-12 02:34:58


He Madoff With a Lot of Money…

… and he was chair of the board of directors, for the business school, at Yeshiva University ... L. Madoff, was arrested at his Manhattan home by federal agents who accused him of conducting ... in federal court in Manhattan reports that he estimated the losses at $50 billion. “We are alleging [more...]

Date: 2008-12-12 03:20:41


Barack Blagojevich

Thursday! One day until the weekend! Okay, Brian Montopoli is a favorite of Ava and C.I.'s and there wasn't time to note him in the snapshot so C.I. offered this to me if I wanted it. Barack's got a new website where he wants people to ask him questions but apparently only certain questions. "How'd you get so good looking? [more...]

Date: 2008-12-12 04:03:10


The Art of Baseball: Having Faith in Yourself

The Art of Baseball: Having Faith in Yourself by Kathy Simcox It all started with the click of a mouse button and a credit card number. The next thing I knew I was sitting in a Broadway theatre in mid-town Manhattan watching my first play and having the time of my life. As my eyes feasted on this spectacle, I wondered to myself [more...]

Date: 2008-12-12 04:59:02


No Brokers Fee Apartment NYC Directory

No Brokers Fee Apartment NYC Directory What are the basics of New York city real estate? ... in Manhattan, the East Village, Park Slope and trendier parts of Queens are in high demand. That’ ... . By going straight to to a buildings management firms whether it’s a high end Manhattan apartment [more...]

Date: 2008-12-12 02:23:04


Sweet Mother Of Jeebus

However corrupt Blagojevich may be, this will probably dwarf it: Bernard L ... and charged with criminal securities fraud stemming from his company’s money management business ... , director of the S.E.C. enforcement division. “We are moving quickly and decisively to stop the fraud [more...]

Date: 2008-12-12 02:07:03


NYC: Surrogate Court scandals

Two separate scandals are in the news about the Gotham institution long troubled by reports of favoritism and insidership. The New York Times reports on the indictment of Manhattan Surrogate's Court judge-elect Nora S. Anderson on charges that she had contrived with Seth Rubenstein, a lawyer who was her "boss, friend [more...]

Date: 2008-12-11 03:15:52


CONGRATULATION GOVERNOR CRIST !

Fla. Gov. Crist to wed on Friday By BRENDAN FARRINGTON – 28 minutes ago TALLAHASSEE, Fla. (AP) ... in love fast. Crist met Carole Rome during a trip to New York in September 2007 and was immediately ... , it’s a wedding and weddings have friends and family,” said Jim Greer, who Crist picked to chair [more...]

Date: 2008-12-11 02:00:29


ASDCashGenerator - Sit Down and Shut Up!

Wow, with all the attention ASDCashGenerator got recently, here's a scheme that makes it look like Amateur Night… Check out this release today ( ... complaint, filed in federal court in Manhattan, alleges that Madoff yesterday informed two senior employees [more...]

Date: 2008-12-12 02:51:20


PowerFul Wall Street Adviser Arrested for $50bil Fraud

Bernard L Madoff, founder of Bernard L Madoff Investment Securities, was released on a $US10 million ($14.99 million) ... will be secured by his apartment in Manhattan. In a ponzi scheme, new investor funds are typically used to pay ... Madoff told senior employees at a meeting at his apartment the night before his arrest [more...]

Date: 2008-12-12 02:59:50


Former Nasdaq chairman charged with fraud

Former Nasdaq chairman charged with fraudStory Highlights Bernard Madoff arrested and charged with a single count of securities fraud He allegedly operated a multibillion-dollar Ponzi scheme Complaint says Madoff said the business had lost about $50 billion He faces a maximum penalty of 20 years in prison and a $5 million fine Next Article in [more...]

Date: 2008-12-12 04:27:21


Sign of the Times

Sign Stunt Pays Off for Laid-off NYC Man 1010WINS December 11, 2008 New York (AP) — A laid-off financial engineer who got worldwide press attention after he walked around midtown Manhattan wearing a sign that said “MIT Graduate for Hire” has landed a job. Joshua Persky joined [more...]

Date: 2008-12-12 06:04:47


Manhattan, NY - Restaurant Imposes Surcharge for Uneaten Food

Manhattan, NY - Did your mother tell you to clean your plate?   If so, you’d be a good candidate for the all-you-can eat special at Hayashi Ya ... .   The Japanese restaurant on Manhattan’s West Side imposes a surcharge for wasted and unfinished food.   A chalkboard sign in front of the restaurant advertises all you can eat for $26.95 per ... [more...]

Date: 2008-12-12 03:02:26


View larger map - Brooklyn graffiti walking tour

View larger map - Brooklyn graffiti walking tour I remember the first time I went to New York in the late 80s and saw the Lee (Quinones) ... and quiet to do their thing. The "Off Manhattan" blog has an amazing article that lovingly documents ... map feature which I love. Hope you do too! View Larger Map Off Manhattan says: "How [more...]

Date: 2008-12-12 02:11:45


Bernard L. Madoff arrested on fraud charge in NYC

Bernard L. Madoff, his silver hair reflecting the lights of a federal courtroom, ... Madoff told at least three senior employees at his Manhattan apartment Wednesday that the investment ... to comment as he walked out of U.S. District Court in Manhattan. Madoff, 70, the founder of Bernard [more...]

Date: 2008-12-12 04:34:30


‘X-Men’ Star Charged in Dakota Bar Brawl

(Dec. 11) - Tough guy actor Vinnie Jones faces assault charges for his involvement in a bar brawl in South Dakota that left the “X-Men” star covered ... Williams found himself in a not-so-funny situation after Manhattan police pulled him over and found [more...]

Date: 2008-12-12 04:08:05


here we are!

left home at 4 yesterday. arrived in NY at 6 this am. i got sick on the taxi, so we got a hotel room & crashed til about 12:30. We've got a room on the 22nd floor, in a hotel that overlooks the brooklyn bridge. very FUN!!! This evening, we took the subway to manhattan & watched a cirque du soliel at the Madison Square [more...]

Date: 2008-12-12 03:44:54


Danku: Good Fast Food Meets Good Business

Identical twin brothers Bruno and Filip van Hoeck and long time friend Karen Brink couldn’t find many appealing options when it came to grabbing a ... their first US location in Midtown Manhattan. At the core of Danku is a focus on the food. The trio cares [more...]

Date: 2008-12-11 14:42:10


City Showing Less Disrespect For History, LA Conservancy Says

The LA Conservancy, a nonprofit that works to preserve and revitalize the architectural gems of the county (a subjective subject) ... , if not all, of the actions described above to safeguard historic properties. Here is a look at how these cities [more...]

Date: 2008-12-11 22:20:46


Upgrading Talent During this Downturn

Upgrading Talent During this Downturn A downturn can give smart companies a chance to upgrade their talent. Downturns place companies’ talent strategies at risk. As deteriorating performance forces ... . Companies can maintain their attractiveness to internal and external talent by using cost-cutting [more...]

Date: 2008-12-12 03:19:53


Adventures in Shilling #046: Stanton, Union Prime, Mariebelle, Prespa

It's time for another edition of Adventures in Shilling, in which we fight shilling the best way we can, by shaming tasteless, unscrupulous shills into submission. Well, that's the plan, at least. Fight shills yourself by dropping offensive links to tips@eater.com [more...]

Date: 2008-12-11 16:59:37


Amber and Kelly Welcome String Duo Set to Serenade Obama Inauguration-goers

Though they just launched last week, Access New York hosts Amber Lee Ettinger and Kelly Brady are already landing newsmaker guests! [ ... . This week’s pick?  Southside in Manhattan’s perpetually chic SoHo district.  Doing its nabe justice [more...]

Date: 2008-12-11 05:01:41


"A stunning fraud that appears to be of epic proportions"

(updated) This is pretty nuts: The Securities and Exchange Commission today charged Bernard L. Madoff and his investment firm, Bernard L ... , filed in federal court in Manhattan, alleges that Madoff yesterday informed two senior employees [more...]

Date: 2008-12-12 01:59:18


Steve Aschburner: No room for complacency for red-hot Cavs

The Cavaliers are on such a roll that, if they all got lumps of coal in their stockings on Christmas morning, we'd learn on Dec ... generated by LeBron James' coy visit to Manhattan on Nov. 25 into a 10-game winning -- wait, make [more...]

Date: 2008-12-12 03:26:05


Unreal Trailer Premieres

It's the fightin' borough! The "Real World: Brooklyn" extended trailer that hit The Internets today shows much conflict but little of its location ... boardwalk?! That's nowhere near their Red Hook loft, nor the Manhattan hangouts where the cast [more...]

Date: 2008-12-11 21:00:28


Lessons From An Excellent Manhattan Matchmaker

Lessons From An Excellent Manhattan Matchmaker December 12th, 2008 at 12:23am Custom Search A Manhattan matchmaker will ensure that all singles meet the ideal partners in their lives. There are so many matchmakers that you will find in New York and, singles cannot [more...]

Date: 2008-12-12 06:29:42


Do the Right Thing

A New York State politician does the right thing.Senate Democratic leader Malcolm Smith said Wednesday any deal with three dissidents to secure his ... and Liz Krueger of Manhattan when he made the announcement. Smith said the three renegades were [more...]

Date: 2008-12-11 04:02:51


The New New York

The demographic consequences of the New York renaissance: Since 2000, the number of young children living in parts of Lower Manhattan has nearly doubled. The poverty ... child in lower Manhattan, we were a very very rare breed. It’ll be interesting to see what kind [more...]

Date: 2008-12-10 22:14:31


Should We Be Open-Sourcing Detroit

Filed under: Car Tech Soon-to-be president Barack Obama was on ‘Meet the Press’ Sunday, ... has tackled the subject of taking things a bit further, namely the notion of a “‘Manhattan Project’ [more...]

Date: 2008-12-12 04:00:53


Seeking Profit in the Need for a Bathroom Break

Seeking Profit in the Need for a Bathroom Break By Jenna Wortham A New York couple is betting on the idea that at least one thing is ... at her Manhattan office. The Web site started out as an inside joke among her friends until she and Mr [more...]

Date: 2008-12-10 21:10:21


Watchmen International Trailer

Here’s the brand new Watchmen international trailer. Yes, we’ve already seen most of the footage, but there are a few new shots, and any new footage involving Rorschach and Dr. Manhattan is worth a look. Watchmen hits theatres March 6th, 2009. Click [more...]

Date: 2008-12-11 17:20:09


Is there a name for loud, belligerent, obnoxious girls from the various boroughs of NY?

yahamshari asked: A friend asked me what type of white or hispanic woman turns me off ... me be more specific. Say I am on vacation in Miami or Las Vegas and there is always a group of girls on the flight [more...]

Date: 2008-12-12 05:18:12


Botkier Opens First Pop-Up Shop in SoHo

Best thing about living in New York City? Having the fashion world at your fingertips ... I will be so unhappy. Ladies, try to take a breather from Manhattan and make a pitstop into the SoHo neighborhood [more...]

Date: 2008-12-12 02:55:00


American Association of Justice: CEPAC Showcases Legal Products New York Weekend With the Stars

American Association for Justice in New York, NY-CEPAC lawyer marketing attends ... , New York, NY (JusticeNewsFlash.com)–The American Association for Justice (AAJ), is hosting ... New York Hotel and Towers located between Central Park and Times Square, in the center of Manhattan [more...]

Date: 2008-12-12 02:52:13


Legendary Stanley Cup Stories by Brian McFarlane

Ho hum, Brian McFarlane has another book out this year. You think I would absolutely love Brian McFarlane. And I do, really ... and Messier's Manhattan transfer. If you are a long time reader of McFarlane, you may notice that many [more...]

Date: 2008-12-12 05:01:00


Schleicher's Model of One-Party Democracy

As promised, Volokh guest blogger David Schleicher posted his preferred explanation for the persistence of one-party urban democracy ... District Five on the Upper East Side of Manhattan. In the 2001 local election, Gifford Miller [more...]

Date: 2008-12-10 22:25:01


Former CBOE Founder Pleads Guilty to Obstructing Justice

A founding member and former director of the Chicago Board Options Exchange has pleaded guilty in Manhattan federal court to obstructing an insider-trading investigation by giving fake documents [more...]

Date: 2008-12-12 03:19:12


Aronofsky’s Noah To Become Graphic Novel Before Film?

When Darren Aronofsky was 13-years-old, he won a United Nations poetry competition at his Manhattan Beach, Brooklyn school for a poem about the end of the world as seen through the eyes of Noah [more...]

Date: 2008-12-11 09:42:01



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